St. Petersburg allocates $20 million for affordable housing

St. Petersburg City Council has approved allocating more than $20.3 million in American Rescue Plan Act funds to six affordable housing projects. In total, 483 affordable units will be delivered via seven projects — six of which will receive ARPA funds. The seventh project will receive support from the Housing Capital Improvement Fund. The affordability period ranges from approximately 40 to 99 years for the different developments. Rising costs from inflation and ongoing supply chain issues have…Original Article